New Barclays chief backs bank to the tune of GBP6.5m

A month before starting his new job, Jes Staley is already stumping up his own cash to back his new employer Barclays.

The chief executive-designate purchased 2.79m shares at a total cost of £6.5m.

The former JP Morgan investment banking head was appointed to lead the company late in October and will take his seat on 1 December.

On top of the shares he’s bought, Staley will also receive millions of pounds worth of shares as part of his salary package, as well £1.15m of shares per year as part of his base salary, as well as a share award worth £1.93m to compensate him for an unvested share award granted to him by his previous employer.

Chairman John McFarlane at the time of the appointment said he and Staley agreed on the way to take the company forward, highlighting the importance of cultural reform and accelerating the delivery of improved shareholder returns.

Top Director Buys

Barclays PLC (BARC)

Director name: Mr Jes Staley

Amount purchased: 2,790,000 @ 233p

Value: £6,500,700

Smith & Nephew (SN.)

Director name: Ms Vinita Bali

Amount purchased: 1,200 @ 1,121.26p

Value: £13,455

Spirent Communications (SPT)

Director name: Mr Jonathan C Silver

Amount purchased: 30,000 @ 68.41p

Value: £20,523

Jardine Lloyd Thompson Group (JLT)

Director name: Mr Mark Drummond Brady

Amount purchased: 1,760 @ 881.90p

Value: £15,521

Jardine Lloyd Thompson Group (JLT)

Director name: Mr Mark Drummond Brady

Amount purchased: 1,742 @ 888.54p

Value: £15,478

Top Director Sells

4Imprint Group (FOUR)

Director name: Mr Andrew Scull

Amount sold: 11,383 @ 1,286.00p

Value: £146,385

Debenhams (DEB)

Director name: Mr Michael Sharp

Amount sold: 79,738 @ 88.08p

Value: £70,233

Debenhams (DEB)

Director name: Ms Suzanne Harlow

Amount sold: 24,960 @ 88.08p

Value: £21,985